From April 2017, the National Living Wage (NLW) for the over 25s is being increased to £7.50 per hour. This is an increase from the current NLW rate set in October 2016 of £7.20 an hour. For the over 25s, this will represent a wage…
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Tax Diary December 2016/January 2017
1 December 2016 - Due date for Corporation Tax due for the year ended 29 February 2016. 19 December 2016 - PAYE and NIC deductions due for month ended 5 December 2016. (If you pay your tax electronically the due date is 22 December 2016.)…
Philip Hammonds last Autumn Statement
Philip Hammond surprised MPs when he ended his Autumn Statement by saying: This is my first Autumn Statement as Chancellor. After careful consideration, and detailed discussion with the Prime Minister, I have decided that it will also be my last. This was quickly followed by:…
Tax changes announced last week
Last week, Philip Hammond presented his first Autumn Statement to parliament. In some respects, it was a bit of a damp squid as there were no stand-out revelations. However, there were a few tax changes that are worthy of note: Pension pot reinvestment The over…